Spectre Advisory
ActiveSummary
Spectre Advisory has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €533k and a net result of €177k. Equity is growing by ~48.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92=
Solvency81▲+1
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.97 against 4.99 in 2024; short-term debt: 22.5% and cash: 6.8% of total assets), and 44.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.9%
Return on assets
18.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
2022
18 d late
2021
23 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€533k▲ 49.7%
2024 · €356k
2021: €18k
2022: €126k
2023: €238k
2024: €356k
2021 → 2025
Total assets
€953k▲ 47.5%
2024 · €646k
2021: €72k
2022: €204k
2023: €298k
2024: €646k
2021 → 2025
Net result
€177k▲ 48.1%
2024 · €119k
2021: €14k
2022: €122k
2023: €114k
2024: €119k
2021 → 2025
Working capital
€423k▲ 69.8%
2024 · €249k
2021: €14k
2022: €109k
2023: €205k
2024: €249k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€126k▲ 603%€238k▲ 89.0%€356k▲ 49.5%€533k▲ 49.7%
Operating result€20k-€164k▲ 714%€153k▼ 6.6%€159k▲ 3.8%€200k▲ 26.0%
Net result€14k-€122k▲ 776%€114k▼ 6.7%€119k▲ 5.1%€177k▲ 48.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €953k
Fixed assets
€316k ▼ 5.8%
Current assets
€638k ▲ 105%
Equity and liabilities €953k
Equity
€533k ▲ 49.7%
Debt
€421k ▲ 44.7%
Debt's share of the balance-sheet total falls from 45.0% to 44.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€226k▲
2024 · €174k
Cash flow
€203k▲
2024 · €134k
Current ratio
2.97▼
2024 · 4.99
Debt to equity
0.79▼
2024 · 0.82
ROE
33.2%▼
2024 · 33.6%
ROA
18.6%▲
2024 · 18.5%
Interest coverage
21.08▼
2024 · 43.60
Debt ≤ 1 year
€215k▲
2024 · €62k
Debt > 1 year
€206k▼
2024 · €228k
Income taxes
€56k▲
2024 · €39k
Staff costs
€67k▼
2024 · €68k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€646k€953k▲
Fixed assets21/28€335k€316k▼
Intangible fixed assets21-€4k
Tangible fixed assets22/27€334k€311k▼
Land and buildings22€284k€278k▼
Plant, machinery and equipment23€20k€12k▼
Furniture and vehicles24€31k€21k▼
Financial fixed assets28€566€886▲
Current assets29/58€311k€638k▲
Amounts receivable within one year40/41€118k€389k▲
Trade receivables40€14k€63k▲
Other amounts receivable41€103k€326k▲
Current investments50/53€158k€183k▲
Cash at bank and in hand54/58€28k€65k▲
Deferred charges and accrued income490/1€8k€571▼
Equity and liabilities
Total equity and liabilities10/49€646k€953k▲
Equity10/15€356k€533k▲
Contributions10/11€4k€4k=
Reserves13€352k€528k▲
Distributable reserves133€352k€528k▲
Profit (loss) carried forward14-€572
Amounts payable17/49€291k€421k▲
Amounts payable after more than one year17€228k€206k▼
Financial debts170/4€228k€206k▼
Amounts payable within one year42/48€62k€215k▲
Current portion of amounts payable after more than one year42€23k€22k▼
Financial debts43€13k€88k▲
Credit institutions430/8€13k€88k▲
Trade debts44€11k€36k▲
Suppliers440/4€11k€36k▲
Taxes, remuneration and social security45€13k€50k▲
Taxes450/3€4k€40k▲
Remuneration and social security454/9€9k€10k▲
Other amounts payable47/48€2k€19k▲
Income statement
Code20242025
Remuneration, social security and pensions62€68k€67k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€26k▲
Other operating charges640/8€3k€11k▲
Gross operating margin9900€245k€304k▲
Operating profit (loss)9901€159k€200k▲
Financial income75/76B€4k€44k▲
Recurring financial income75€4k€44k▲
Financial charges65/66B€4k€11k▲
Recurring financial charges65€4k€11k▲
Profit (loss) for the period before taxes9903€159k€233k▲
Income taxes67/77€39k€56k▲
Profit (loss) for the period9904€119k€177k▲
Profit (loss) for the period to be appropriated9905€119k€177k▲
Appropriation of the result
Profit (loss) to be appropriated9906€119k€177k▲
Transfer to equity691/2€118k€176k▲
To other reserves6921€118k€176k▲
Profit to be distributed694/7€2k-
Return on contributions (dividend)694€2k-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2021net €177k ▲48.1%
Operating result €200k, net result €177k, both a record.
31-12
Financial
Equity above €500kEq €533k ▲49.7%
5 profitable years in a row build equity to €533k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €200kEq €238k ▲89%
3 profitable years in a row build equity to €238k.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.54
Current ratio from 1.26 to 2.54.
31-12
Financial
Equity above €100kEq €126k ▲603%
2 profitable years in a row build equity to €126k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Gillis-Waas · 2 establishment units since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lijkveldestraat(SP) 1129170 Sint-Gillis-WaasGround area
9,247 m²
Building footprint
881 m²
Volume, LiDAR
5,676 m³
2 parcels, Flanders · tallest building 14.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Spectre Advisory
since 20212.315.633.785
Regentiestraat 12B1, 9100 Sint-Niklaas
since 20222.329.035.029
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46022B0741/00E000 | Flanders | 8,191 m² | 1 · 241 m² | 10.1 m · 2 fl. |
| 46443E0360/00T007 | Flanders | 1,056 m² | 1 · 640 m² | 14.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 4,073 EUR awarded · 4,073 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 4,073 EUR | 4,073 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 34,142 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-04-2021
Fiscal year end31-12
Abbreviation NL
Spectre Adv.
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
47750Retail sale of cosmetics and toilet articles
86995Nutrition and dietetics services
96999Other personal services
96230Day spas, saunas and steam baths
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.